A few years ago, most people would have scoffed at the thought of ecommerce becoming a necessity for retail success. Now, we know that it’s very much required for many retailers to survive.
So, here we are, living in the “future”… many of us now finally have chip cards; the G20 nations are all in the post “liability-shift” world; we’re all expecting to be living in the new paradigm.
The holiday shopping season is fast approaching, and it’s prime time for cyber attackers who hope to catch enterprises at their weakest moments.
According to a new survey of 1,100 retail companies conducted by the Ponemon Institute and sponsored by RSA, daily revenue surges by an average of 55 percent during the holiday season. However, if a retail site is hacked or disabled, average losses could amount to as much as $500,000 per hour, or $8,000 per minute, according to a Dark Reading report.
The latest version of the Payment Card Industry (PCI) Data Security Standard will soon require businesses to implement and perform penetration testing, but only 41 percent of retail sector enterprises currently use penetration testing to identify security risks.
